Hindustan Coca-Cola Beverages to set up second factory in Telangana with Rs 600 crore

HCCB and the State government have entered into an MoU for long-term strategic partnerships for capacity building in water and solid waste management and for skill-building to promote employment.

Published: 07th April 2022 11:52 AM  |   Last Updated: 07th April 2022 11:52 AM   |  A+A-

IT & Industries Minister KT Rama Rao with HCCB offcials. (Photo | Special Arrangement)

By Express News Service

HYDERABAD: One of the top FMCG companies, Hindustan Coca-Cola Beverages (HCCB) will set up a second factory at Bandathimmapur Food Processing Park in Siddipet.

The company will invest Rs 600 crore in the first phase to build a state-of-the-art digitally enabled, automated smart factory that will manufacture juices, enhanced water, packaged water and sparkling beverage. It will also invest Rs 400 crore in the later stage.

HCCB and the State government have entered into an MoU for long-term strategic partnerships for capacity building in water and solid waste management and for skill-building to promote employment.

The HCCB factory at Bandathimmapur is expected to be ready for commercial production at the end of 2023. Telangana State Industrial Infrastructure Corporation (TSIIC) has already allotted a land parcel measuring 48.53 acres to HCCB at the Food Park.

Speaking on the occasion, IT & Industries Minister KT Rama Rao said that when a large corporation like HCCB chooses to re-invest in a state, it demonstrates the ease of doing business.

KTR requested to source localised products like mangoes from Jagtial and sweet limes for the production. He also said that State government and HCCB will collaborate to impart training for 10,000 in next two years.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp